Intelligent CISO Issue 34 | Page 75

Banks are expected to do everything in their power to secure consumer data properly using data classification , database encryption and data leakage prevention techniques .

Banks are expected to do everything in their power to secure consumer data properly using data classification , database encryption and data leakage prevention techniques .

Recent regulatory controls introduced by the government are ensuring banks submit to regular audit checks to ensure security policies adhere to industry best practice and standards .
How important is the protection of consumer data and what safeguarding practices do you have in place to ensure this ?
Protection for customer data is paramount . Recent state bank and government legislation have beefed up the regulation governing customer privacy and data protection .
The region takes PCI DSS and GDPR compliance very seriously . Banks are expected to do everything in their power to secure consumer data properly using data classification , database encryption and data leakage prevention techniques .
How do you expect the banking and finance sector to develop in terms of security preparedness ?
We can expect banking in the EMEA region to follow along similar lines to the rest of the world . To stay competitive , we are evolving the Digital Transformation of our services . Before long , they will be almost exclusively available to customers via mobile or online .
Automation and orchestration will be introduced to help under-pressure SOCs better prioritise and respond to increasing volumes of threat alerts . More and more services will be delivered via cloud applications – www . intelligentciso . com
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